Stock News

Royal Bank of Scotland Group PLC share price up, reports better-than-expected profit despite increasing legal costs

Royal Bank of Scotland reported a third-quarter profit above analysts expectations even as it set aside provisions to cover any potential fines related to the ongoing investigation into alleged manipulation of the currency market. The bank reported it has put away a £400 million provision associated with the investigation and another £100 million to compensate […] Read more

Citigroup Inc. share price down, revises income as legal costs increase

Citigroup Inc. set aside $600 million in provisions to cover legal expenses related to an ongoing investigation over allegations that the bank manipulated the currency market. The bank said it is in negotiation talks with UK regulators, while cooperating with criminal and antitrust investigations by the Justice Department. Citigroup is one of the six banks […] Read more

Time Warner Cable Inc. share price down, income falls as customers walk away

Time Warner Cable Inc lost more TV customers than analysts had expected in the third quarter as more users signed up for online streaming services while the company awaits approval to merge with Comcast Corp. Time Warner, the second largest U.S cable TV operator, reported a decrease of 184 000 net customers during Q3, an […] Read more

Lenovo Group Ltd. share price down, completes acquisition of Google’s Motorola

Lenovo Group said on Thursday it has closed the acquisition deal with Google Inc., as the worlds largest personal-computer maker tries to boost global sales, which were surpassed by rival Xiaomi Corp. Lenovo, which first announced its interest in Motorola in January, plans pull the company above water within the first four to six quarters […] Read more

Barclays PLC share price up, Q3 profits rise despite provisions

Barclays PLC has set aside £500 million to cover costs associated with the ongoing investigations into manipulating the foreign exchange market as the company reported an increase in its third quarter profits. Barclays is one of the six banks in negotiations with UK regulators over the accusations of manipulation of the currency market. The banks […] Read more

BT Group share price down, increases dividends as customers line up for fibre broadband

BT group raised its dividend payout as profit increased due to higher demand for broadband services. The British telecoms group reached 2.5 million customers of its fibre broadband as 203 000 people signed up for the high speed internet connection in the second quarter. BT reported around 38 000 users signed up for its TV […] Read more

Visa Inc. share price up, states better-than-expected profit as it launches a share buyback program

Visa inc. beat analysts expectations on profit in the fourth quarter of the business year, as the company welcomed Chinas plans to open up its markets. Visa reported revenue of $3.23 billion, compared with last years result of $2.97 billion, with an operating income of $1.55 billion. Net income was $1.07 billion, compared to last […] Read more

Samsung Electronics Co. Ltd share price up, profit falls as smartphone deliveries decrease, posts upbeat Q4 outlook

Samsung Electronics Co. Ltd reported the smallest quarterly earnings since 2011 as the giant faces increased competition from lower-cost Chinese rivals and Apple Incs new iPhones. Earlier this month the company warned about weak performance in the third quarter. On Thursday, the worlds biggest technology company by sales reported operating profit of KRW 4.06 trillion, […] Read more

LG Electronics Inc. share price up, profit doubles as revenue hits record numbers

LG Electronics Inc. reported a significant rise in operating profit for the third-quarter, beating analysts expectations thanks to increased smartphone sales. LG reported revenue of KRW 14.92 trillion in the third quarter, a 7.4% increase compared to a year earlier, which led to more than doubled operating profit of KRW 461 billion and a 87% […] Read more

Fiat Chrysler Automobiles NV’s share price up, to spin off its luxury sports-car division Ferrari

Fiat Chrysler Automobiles NV intends to spin off Ferrari. This step is to give the luxury sports-car manufacturer independence from its less-profitable parent company. The Chief Executive Officer of the company, Sergio Marchionne, said in a statement, cited by the Financial Times: “As we move forward to secure the 2014-2018 Business Plan and work toward […] Read more